U.S. house prices rose 18.5% from the third quarter of 2020 to the third quarter of 2021 according to the Federal Housing Finance Agency House Price Index (FHFA HPI). House prices were up 4.2% compared to the second quarter of 2021. FHFA’s seasonally adjusted monthly index for September was up 0.9% from August.
“House price appreciation reached its highest historical level in the quarterly series,” says William Doerner, Ph.D., supervisory economist in FHFA’s Division